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Property profile & analytics
FOR SALE
Grocery and convenience stores
16777 Marketplace Dr, Big Lake, MN 55309
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0891643
For Sale
1 / 11
$1,600,000
16777 Marketplace Dr, Big Lake, MN 55309
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Property summary
AI-generated overview
This exceptional multi-use business opportunity in Big Lake, Minnesota, presents a lucrative investment. Located at 16777 Marketplace Dr, this 12,538 square foot property boasts a prime location on Highway 10, ensuring high visibility and substantial foot traffic. Built in 2007 and extensively renovated in 2024, the property includes a convenience store, gas station with 20 pumps, and a restaurant, all operating under a NNN lease structure. The property sits on a 2.2-acre lot and is zoned COMMERCIAL. The building is a single-story Class B structure. A significant advantage for the buyer is the inclusion of a 10-year fuel contract with World Fuel Services. Financial vetting of the buyer is required. This turnkey operation is ideal for an owner-user seeking a well-established and profitable business with significant growth potential. The property's APN is 655550105. Serious inquiries only. Do not contact current tenants or staff.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2007
Total area
3,264 SF
Lot
2.24 ac (97,574 SF)
APN
65-555-0105
UPID
US46-0891643
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Car Wash Car Wash
-
Atm Atm
-
Cambo Flare Restaurant
-
Marathon Market Place Express Gas Station
-
Coin Cloud Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
Frontier Rk LLC · 1 yrs held
Frontier Rk LLC
since 2024
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Big Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Big Lake submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,290,000
ML approach
$1,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±10% · vs last sale $1.29M (Jul 25 2024)
Last sale anchor
$1.29M
Jul 25 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$395 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$25,602
Tax year 2023
Assessed value
$1,129,100
Assessed 2024
Previous assessed
$1,129,100
+0.0% YoY
Effective rate
2.27%
On assessed value
Assessed land
$266,600
Assessed improvement
$862,500
Land market value
$266,600
Improvement market value
$862,500
Total market value
$1,129,100
Applied tax rate
65.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
For Sale
Year built
2007
Heating
FORCED AIR
Buildings
3
Total area
3,264 SF
Lot
2.24 ac (97,574 SF)
APN
65-555-0105
UPID
US46-0891643
Jurisdiction
SHERBURNE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Buildings
3
Lot
2.24 ac
Current owner
From public records · entity-resolved
Frontier Rk LLC
Entity
Mailing address
135 KIEFER BLFS DR N, BALLWIN, MO 63021
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2024
—
Frontier Rk LLC
—
Deed
related
$396,000 · Wbd INC
Jul 25, 2024
$1,289,000
Frontier Rk LLC
Skgp Investment LLC
Warranty Deed
$692,500 · Midland States Bank
Mar 14, 2023
$900,000
Skgp Investment LLC
Frontier Mn LLC
Warranty Deed
$850,000 · Cherokee State Bank
Apr 7, 2020
$900,000
Frontier Mn LLC
Enl INC
Warranty Deed
—
Jan 3, 2007
$829,400
Daniel Wellman
Grob,thomas H & Terri L
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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